Presented Below Are Two Independent Situations

question 113

Essay

Presented below are two independent situations:
(a) Waner Company exchanged an old machine (cost $100,000 less $60,000 accumulated depreciation) plus $7,000 cash for a new machine. The old machine had a fair market value of $36,000. Prepare the entry to record the exchange of assets by Waner Company.
(b) Fisher Company trades old equipment (cost $90,000 less $54,000 accumulated deprecia-tion) for new equipment. Fisher paid $36,000 cash in the trade. The old equipment that was traded had a fair market value of $54,000. Prepare the entry to record the exchange of assets by Fisher Company. The transaction has commercial substance.

Analyze the impact of external influences on relationship beliefs and values.

Discuss adaptive and maladaptive motivational reasoning in managing relationship perceptions.

Examine the role of memory and attention biases in relationship satisfaction.

Identify different types of social comparisons and their effects on relationship dynamics.

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Definitions:

Fair-return Pricing

Pricing strategy aiming to set prices that are considered fair for consumers while allowing providers a reasonable profit.

Natural Monopoly

A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, leading to exclusive control over the market.

Productively Efficient

A state where an economy or entity is operating in such a way that it cannot produce more of one good without producing less of another, utilizing resources to their maximum potential.

Pure Monopolist

A market structure in which a single company or entity exclusively controls the entire supply of a particular good or service, facing no competition.